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analysts in the back half of the program. >> also, do house speaker john boehner's constituents think he's doing enough to avert the looming crisis? we're going to hear from chief washington correspondent john harwood who is just back from a trip from his home state of ohio. >>> up next, though, fallout from last week's autonomy mess mounteding. hewlett-packard's ceo and former hp head all sued by a shareholder for alleged fraud. it's getting ugly out there. we're going to speak with a lawyer gearing up to represent other hp plaintiffs when we come back. [ male announcer ] if you suffer from heartburn 2 or more days a week, why use temporary treatments when you can prevent the acid that's causing it with prevacid24hr. with one pill prevacid24hr works at the source to prevent the acid that causes frequent heartburn all day and all night. and with new prevacid24hr perks, you can earn rewards from dinner deals to music downloads for purchasing prevacid24hr. prevent acid all day and all night for 24 hours with prevacid24hr. prevent acid all day and all night for 24 hours if we want to improv
to go back to the negotiations he had with john boehner in the summer, and they've done a lot of work. those guys got pretty close in the summer of 2011. now the president has more leverage. the tea party part of the house republican caucus is in a less powerful position and less fired up. we're pretty far away from the 2010 elections now. john boehner is trying to exercise some kind of power and tell those people that he needs them to stay in line. i think, you know, the tax thing, i keep trying to -- to me it seems obvious what's going to happen. that the bush tax cuts are all going to expire on january 1st. and then they're going to reinstitute the ones for people making under $250,000 a year. republicans will not vote to do a partial thing, right? because they regard that as raising taxes. they won't vote for it. we'll go past january 1st. then when democrats offer to reinstate the tax cuts for those making $250,000 a year, republicans will vote for that. that's another tax cut. it seems to me this solves the republican problem, which is that we won't vote to raise rates. that's h
the table from the democrats' perspective? >> absolutely. the thing is is that john boehner and the republicans, the last time we went around these negotiations, remember it was june of 2011, on the debt ceiling negotiations, the president and the speaker played golf, and there were all those grand bargain talks behind closed doors. republicans tried to put it on the table back then, and democrats said, absolutely no way. and i think they're going to get a similar response this time. remember, it was just a few weeks ago when john boehner after the election essentially said, there's nothing we can do about obama care. it's going into effect next year. people are going to have to start enrolling, those exchanges are going to have to get up and running. he saw a revolt among his house republicans and republicans across the united states, just for saying it. now john boehner is doing a little backtracking. he wrote in the cincinnati enquirer, his hometown newspaper, the president's health care law adds a massive, expensive, unworkable government program at a time when our natio
to prejudge it. and we should not be taking iron clad positions. i have faith in john boehner. >> congressman, we have seen this movie before. the bottom line question and, what can speaker boehner sell? if he goes to them and says, look, we cut a deal here, but tax rates have to go up. actual tax rates have to go up on the wealthy, like senator levin just said. can he sell it? >> i think john is going to do all he can to avoid an increase in tax rates. but as senator levin said, you can get the same results by changing deductions, changing exemptions, and that would put more of a tax burden on the rich but it would not affect marginal tax rates. i don't want to prejudge any of it. bottom line, we cannot have sequestration. we cannot go off the fiscal cliff. the election is over. we have a speaker. the democrats have a president. the democrats have harry reid. we have mitch mcconnell. get them in the room. and that's what representative governments should be about. no one gets all they want. if reagan and o'neal can do it, r boehner and obama should be able to do this. >> the last attempt at
at the staff level. apparently he called and he talked to john boehner on the phone. they had a deal almost. once before. i think the outlines of it will be revived and they have to figure out how to structure it. some down payment by the end of the year. some instructions to the tax write-in committee about how much money you will get out of revenue, entitlement and spending. then they can go forward. it really do think that the basic structure of this has not been blown up. >> bret: steve? >> yeah. i mean, i don't have a problem with the president making his case in philadelphia. that is fine. he is the president and he is entitled to do that. i have a problem on the emphasis on taxes and re-knews. that is all we have had a discussion of at this point. the way to solve our long-term debt issues as everybody in this entire town knows is by reforming entitlements. there has been so little discussion of reforming entitlement to this point, very little of it in public. back when they had negotiations the first time, the president wouldn't put anything out on paper. now you're having calls fro
correspondent mike emanuel is following that story. >> speaker john boehner a central figure in cutting a deal says republicans offered a plan to avoid the fiscal cliff through the significant spending cuts and tax reform and are committed to working with the president. >> this is one reason why we believe we put revenue on the table. as long as it's accompanied by serious spending cuts. to avert this crisis. >> texas senator john cornyn says the bipartisan simpson-bowles deficit plan offered meaningful savings worth pursuing. >> they identified $1.1 trillion tax expenditures, benefits, deduction, credit and the like that could be cut as part of grand bargain. we ought to look at that. we need to flatten the code, simplify it and make it pro-growth. >> on the democratic side, senate majority leader harry reid told reporters he would like credit for what congress previously cut. >> we have already done a billion dollars worth of cuts. >> today, the top democrat in the house took a similar approach. >> i think it's important to note we have already agreed to $1.5 trillion in cuts in the budget c
reid, mitch mcconnell, john boehner, nancy pelosi will be serious. going over the cliff doesn't make any sense. >> we all remember the t.a.r.p. vote that you reference. that really didn't come to a resolution until the markets -- i would argue -- scared washington. i wonder how important you think that is this time? do stocks need to fall before the two sides really get committed at the table? >> that is a terrific question. that's the main question. in two days we lost 1,600 points in the markets. it took us a lot longer time to come back and recover. i sat there and stared defeat in the face. we can't do it now. the markets will respond to certainty. that's what congress needs to give american business and american people. certainty about taxes. certainty about spending in congress and certainty about our commitment to lower the debt. >> how do you argue that you are considering all elements of reform if in fact you're going to stick by the norquist pledge. is there anything wrong with as senator graham has said with saying i made that pledge back then but my job is to be a senator
, and norah. the president and house speaker john boehner spoke by phone over the weekend. top aides in the house and senate tell us that negotiations at this point are just taking place between the president's staff and speaker boehner's staff. that's because any deal that involves raising tax revenue is going to face its biggest challenge in the republican-led house. top republicans returning from thanksgiving recess urged the president to make the first offer in fiscal cliff negotiations. and they expressed a new openness to raising tax revenue, if democrats agree to make cuts to strengthen medicare and medicaid. >> elections come and go. and when they go the spirit to find common ground becomes greater. >> reporter: georgia republican saxby chambliss and mark warner lead the gang of eight. four senate democrats and four senate republicans, who originally met in 2007 to craft a plan to cut the debt. >> you still don't have a final product after 2 1/2 years. why do shud we have any confidence that the president and the leaders should get anything done i
. that is just moments ago. we'll play for you what john boehner had to say about that. we'll talk to a key democrat about why the party doesn't want to deal on that front, all that. bill: you've got to wonder if it's not a part of the deal how does it pass the house. also republicans now countering the controversial d.r.e.a.m. act for young illegal immigrants. they have a plan of their own and one of the bill's cosponsors is live here to explain that moments away. martha: yes, she is. [ malannouncer ] it'that time of year again. time for cii price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. buy now. save later. bill: breaking news from the hill moments ago. republican leaders on the house putting their cards on the table when it com
are off to a rocky start with house speaker john boehner writing an editorial saying he thinks the president's health care plan should be on the table. that is certainly something that both sides will go to the mat over, but i think there's a lot of pressure to get a deal done by the first of the year for the reason that you just cited. because if they don't, this will have a big impact according to a lot of economists on the economy and they just don't want to see that happen and bear the brunt of that. >> understandably so. quickly, the president's plans for today are what? is he there in the house behind you or elsewhere? >> reporter: he is in the house behind me. quiet day at the white house with his traditional thanksgiving dinner with the first family. i'm sure there will be all the fixings on the table, turkey, ham, a lot of different types of pies. yesterday president obama bardened a thanksgiving turkey cobbler and alternate gobbler and they went to a local food bank to deliver food there. president obama today delivering his weekly address wishing all americans a happ
tell you from having visited john boehner's district north of cincinnati last week the fis cliff maybe an abstract discussion here in washington but out there in southwestern ohio, if we tip back into recession, the economic pain would be very real. middle town and the rest of southwestern ohio has been working its way back economically from the long-term loss of manufacturing jobs and troubles in the auto industry. the last thing this area needs now another economic setback from the fiscal cliff. house speaker boehner and his colleagues in the congressional leadership have founded conciliatory notes about their prospects that sounds like good news here at the local chamber of commerce here in middle town but only up to a point. >> i want to be confident. i want to be optimistic but no i think i would rather be veered at this point. >> reporter: one of the speakers constituents, steve hightower, has a petroleum distribution business, like the economy is doing well. he has known boehner for years and believes the speaker wants to make a deal with president obama to avoid the fiscal clif
-- but hurry, the offer ends on. stuart: john boehner said he is optimistic that the fiscal cliff negotiations will speak successful. use the word optimistic. market coming back a little on that. as we told you earlier forbes saying that 11 states are in a death spiral. their words. don't buy house in the 11 states, don't invest in their municipal-bond. joiiing us from one of those states is scott kennedy in chicago, ill.. what do you make of that? >> i totally agree. i am not going to buy another house in this state ever again and as markets said, at some point we will run out of spending other people's money. we can support the maxes with the tax rate here and obamacare on top of that. we are in a death spiral and more people will be leaving the state. stuart: i think you are a lifelong illinois guy and you are saying you would never again buy house in this state? really? >> do you know what the real-estate taxes are here? astronomical land set to go higher so we are going to be taxing those who bought houses already. people are not going to buy any more but they can't rent either because no
the president has to say today? >> reporter: speaker john boehner just had a news conference on capitol hill and he expressed frustration because he is saying look, republicans put some tax revenues on the table but what they see the democratic side trying to pull entitlement reforms like medicare off the table. john boehner basically saying he thinks the spending situation is sort of a freight train that is coming at the nation right now. republicans senator mitch mism the leader in the senate -- mitch mcconnell blasted the president of saying he is doing is too much campaigning and not governing. take a listen. >> it is over. he won. congratulations. we have a hard deadline here however. and it is still, he is still out on the campaign trail, kind of celebrating. this is the problem. if the president really wants to reach an dwreechlt he needs to be talking with members of his own party right here in washington trying to broker an agreement, not out there firing up crowds and giving speeches. >> reporter: now the bottom line when you listen to comments like that it is pretty clear both sid
the debt limit unless forced to by john boehner. >> and by the way, john boehner is talking about having to get the majority of a majority on tax issues. he's not going to get a majority of majority on debt raising. >> much harder on the debt ceiling than taxes. >> that's what i'm saying. i refuse to vote to raise a debt ceiling when they were trying to raise it to $5 trillion. it's something you don't do unless you get a lot of cuts on the other side. >> and it's not a game. because if you don't raise it, we saw what happened last time, you can get your debt downgraded and has real economic consequenc consequences. and that's why when people think about the fiscal cliff, we all assume that sane minds will prevail and they'll come up with some deal. there's no guarantee that sane minds will prevail. and recent history would suggest that sanity almost never prevails in washington. so you can assume it's going to be more difficult than we think. you can assume that the bush tax cuts might all go away for a short period of time. and you cannot assume they just raise the debt limit. you cann
and what they are. is allowed john boehner and mitch mcconnell to govern recently. it's about the republican governors passed out ushers at the red states for the 24 states republican governors, republican legislature. blue are the 13 of 40 state spending on how you count new york, 13 of 14 state that a democratic governor and a democratic house and senate. and there you see the red states are not raising taxes. they're cutting taxes in the red states and blue states are raising taxes rather than reforming government. so the fight we're having in washington where there's gridlock in the stage of the opposite of gridlock. for the last two years. "new york times" wrote an article about last week, it's been true for two-year -- >> about the legislators -- >> the legislative in the various states that you've got 24 states if the republicans get together they can turn the state into hong kong or texas. you have 13 maybe 14 states if the democrats because they could turn their state into greece or california. >> we are in washington and the wording goes back to 86, right? >> yes. pa
house speaker john boehner and harry reid this weekend for avoid efforts on fiscal cliff. on wednesday president obama will seek more input from top ceos, including gold man's lloyd blankfein and caterpillar's doug owner hill man. a number will travel to washington to try to reach a deficit cutting deal as part of the fix the debt campaign. so all things fiscal cliff still pre-dominate. we have a time clock that's quickly running out. how important is it that we get an agreement before the end of the year? >> this is like the debt ceiling argument. people got into a panic. that's something we even imposed on ourselves to decide that the debt shouldn't go too high. so it's not a bad thing. same with the fiscal cliff. what are we saying with the fiscal cliff? we're saying the economy might be revealed to be what it's actually doing because we'll take away the artificial supports because we think it's held any enough now to maybe after itself. that might entail a step drop because at the moment we're giving these tax breaks, but we're doing it out of our saving. >> but the point isn't jus
had shown up at the office of house speaker john boehner today to begin negotiating, jay carney said he could not account for secretary geithner's precise whereabouts. shep. >> shepard: james rosen live at the white house. thanks. worries about the so-called fiscal cliff are not doing much good for our 401(k)s. stocks were down today. the dow lost almost 90. nasdaq fell 9. s & p 500 down 7. analysts say investors are concerned about whether these lawmakers will get together and reach a deal. those worries overshadowed a couple of positive developments. gerri willis is here. we got a report showing that americans are, i don't know, feeling better and so much of this is about how we feel about the economy. >> oh, yeah. that's right. investors may not like it, but consumers love it. their confidence, the highest level in many, many months. still below 90, which is really the point at which you see a really strong and robust economy. but the fact that consumer confidence has been doing so much better, it's very important. now, here is possibly a source of their optimism. 20% of consumers
to meet our needs what is interesting is we have representative john boehner talking about putting obamacare in the fiscal cliff discussion and they did not come downie their way on that but they are stepping out talking about the urgent need to fix the fiscal cliff. >> these companies have two strikes against the. the fiscal cliff and obamacare and reliant on prescriptions for elderly. liz: it is not generic but cheap drugs, being fixed. again and again i am watching the slow parade of ceos and companies, you see the usual suspects. is striking to see walgreen's and cvs because these guys don't discuss public policy and i don't think it is to butter up the guys in washington. i don't think any a seat at the table. dave: when you said she drug all of our crew looked up. what is going on? i don't know. i just throw that in. see you later. coming up next a look at the important news on the radar for next week that will be moving markets. tracy: black friday shoppers need to be extra careful in the parking lots and it is not because i am there. [ male announcer ] how do you tde? with
the podium all set up there. we understand that eric canter and john boehner are going to be part of this press conference. the gop leaders going to talk about jobs and the eeky and probably more about the strategy dan lothian just laid out. when they begin speaking we'll take you back there live. >>> also today president obama meets with chief executives of some of the nation's biggest kms. you heard dan say that. all to gauge how the looming tax hikes and spending cuts could impact business. you may not recognize the faces of these ceos but you'll certainly recognize their companies -- coca-cola, at&t, home depot, macy's among the iconic brands. they represent everything from retail to manufacturing to finance. all right. time for round two. ambassador susan rice will try again to smooth things over with republicans. right now rice is meeting with senator susan collins and at the top of the hour will sit down with senator bob corker. they will examine why rice told americans the attack on the u.s. consulate in benghazi was spontaneous and not al qaeda related. rice is most likel
between president obama and house speaker john boehner. now i just heard from a white house official that tom done house, the head of the u.s. chamber, john engler, the head of the business u.s. roundtable are in the white house today meeting with staff. there hasn't been a lot of negotiating progress. i still think there is a generally optimistic mood this will get done but we have a lot of hard bargains between now and the end of the year. >> one of the sort of controversial men in the middle here has been grover norquist, one of the few guys in washington who goes by his own name, grover. his first name, i should say. there are reports that some republicans who signed his no tax hike pledge are backing away from him. in the "wall street journal" saturday, he said, no, nobody's backed off. what's the truth here? >> well, he's wrong about that. they are backing away from him. but i have to say, tyler, this is an issue that's much bigger than grover norquist pcht republican party has staked out tax issue for a long time. it is not because of one individual and the pledge, although he
letter of resignation to speaker john boehner. they confirmed that today and he write it is move will set off a scrammle to fill the seat in the chicago area. pat quinn will have five days from the effective date of the resignation to announce the time of the special election. jesse jackson jr. resigning his seat in congress. we'll keep you posted on that. and we said we would take you live to the united nations at 3:00 this afternoon. that has been pushed back likely in response to the news of the ceasefire in israel today. that has been pushed to 3:30 eastern. we will take you there once it gets under way. >> james on our 65 and over line. good afternoon, sir. caller: i'm 85-year-old and i was living good up until the last four years off of my retirement. but in the last four years the cost of living has gone up so much that i can't make it. i have to get out and get odd jobs to buy groceries. and this -- the first of this year i got a 1.7 increase in social security and cost of living went up 30% this year. host: what is the biggest thing that cost of living increase affects for you? c
following the election, house speaker john boehner himself came out and said, we're willing to consider revenues as long as it's not done by raising rates. and so in some ways, the republicans have kind of made clear over the last several weeks that they're willing to move away from this pledge, fredricka. >> so does that help make some lawmakers and the administration feel rather optimistic that they will indeed be able to reach a deal in the next few weeks? >> well, certainly everyone's saying that they're optimistic. you'll remember that meeting that congressional leadership had with the president the friday before thanksgiving, leaders from both parties and both chambers met with the president. coming out of that meeting they said lots of positive things, said it was constructive. everyone knows where each side stands. i know we all know there's been work that's being done behind the scenes. the real question is what's going to happen in the immediate future? and also, when is congressional leadership going to meet with the president again? those are the things we're looking out for
powerful than speaker john boehner. norquist is more powerful than boehner. it feels as if the air went out of the compromise zeppelin. hey, like the graph zeppelin, like, lakers. retail, now we're hearing that there wasn't as much follow-through to the initial sales from thursday night. i think it's nonsense, but mo macy's and costco were tagged with huge loss es today. i believe the holiday sales are far are flat-out strong. amazing numbers from apple, like a rocket since it hit the 505 level last week. terrific ipad mini sales. wasn't that a product the doom and gloomers had rin owritten o still born a few weeks ago like the iphone 4, by the way? i believe the chinese momentum is lasting. europe, total black box. one being minimized in its importance for american companies. the fis acal cliff, i saw a ste backward in positions. those who think rising above is a political judgment, when it is a judgment about the need to rid washington of politics. that even a fool knows it's ruining this great country. bottom line, get a deal on the fiscal cliff, we go higher, maybe much higher, aided by
on the phone with senate majority leader harry reid and john boehner over the weekend. and besides carney says, the president has to talk directly to the american people. >> it is vitally important that ordinary americans actively engage in this debate because the outcome of these negotiations and the hopeful product of these negotiations are the product that we hope emerges from these negotiations will profoundly affect their lives. >> so is the president, the missing ingredient to really nailing down a fiscal cliff deal? could he end the drama right now if he stayed put in washington and held a series of face-to-face meetings with reid, mcconnell, boehner, and pelosi instead of his planned meetings this week with small business owners, business leaders and middle class americans, not to mention a trip scheduled for friday to pennsylvania. a state he won by five points in the election, to sell american voters on a tax plan he has very loudly and clearly said he's already sold them on. mark warner is a member of the senate's bipartisan gang of eight. they've been working to develop a deficit r
: that is your congressman? caller: yes. john boehner and nancy pelosi need to get together, organized all the votes they need to pass the bill that is already passed through the senate, which is the 250,000 and below, maintain the bush tax cuts. if they did that and went ahead and passed that bill, that would put the issue of the other foot -- the shoe on the other foot in regard to congress would show good faith in the effort to avoid the fiscal cliff. that would force the democrats to seriously look at fiscal reduction. it would demonstrate the fairness aspect of the rich paying a little more. but it would force the democrats to seriously look at entitlements. this could really be a big step in avoiding the fiscal cliff and would give confidence, makes for a good holiday season. it is the thing to do. john boehner and nancy pelosi need to get together, get the votes, and pass the senate bill. host: i want to take you to the republican line. pat in richmond hill, georgia. caller: good morning. yes, overall, in the long term, i have a lot of confidence in the u.s. economy. short-term, as
, the president and speaker boehner did talk on the phone on saturday. john harwood live in washington with the latest. john? >> carl, you know, the president and the speaker had a conversation over the weekend. there haven't been too many meetings at the staff level or the principals level. but there has been something that changed about the atmosphere post election. and what you've seen is more and more republicans coming out and being willing to say out loud they're willing to raise taxes of some kind. whether or not it's tax rates or tax revenue in a way they weren't willing to do in 2011 when john boehner and the president were negotiating an attempted grand bargain then. we saw one on the sunday shows over the weekend, that was lindsey graham of south carolina and then bob corker of tennessee. let's take a listen to their comments. >> i agree we shouldn't raise rates, but i think grover is wrong when it comes to we can't cap deductions and buy down debt. what do you do with the money? -- i will violate the pledge, long story short, for the good of the country only if democrats wi
'm looking for is more revenue for entitlement reform. >> and john boehner's called for a short term fix to overt the fiscal cliff so congress can work on on a bigger deal in 2013. but in an op-ed, republican senator bob corker says both sides need to carve out a $4 trillion package that includes both revenue hikes and spending cuts by the end of the year. >>> still to come, the miss crest shopping day of the year for online retailers. snapping up deals on big ike ket item. we'll get a look. having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. >>> today is cyber monday. analysts say it's not as big a day as it's been in past. so many people shopping online over the weekend. but com score still says sales might reach $1.5 billion. pierce, sunday it earlier, consumers appear to be on fire. >> kind of defies gravity a little bit. but with the consumer confidence data in the last three months,
they are likely to get a big deal. it seems that republicans leading on this, like john boehner, like lindsay graham frankly, they're signaling they want to have a big deal. think in the coming three months or so, we'll probably see something pretty big from them. >> doug? >> i agree. i think that they are going to do a bit of a kick the can. but in the interest of getting a deal that people can live with and selling it well, the president is getting outside of washington to go to the american people on this. he needs time to do that well. so i don't think kicking the can down the street is a bad thing, it might help them accomplish something. >> back in a moment, everyone, with everyone's must-reads. s ar. oh no, not that, not here! [ male announcer ] antacids don't relieve gas. gas-x is designed to relieve gas. gas-x. the gas xperts. wears off. [ female announcer ] stop searching and start repairing. eucerin professional repair moisturizes while actually repairing very dry skin. the end of trial and error has arrived. try a free sample at eucerinus.com. >>> we're back with the big three. it
of the house john boehner and the president both know what happens in the future for them in what they're doing will be made much harder if they can't demonstrate they have the will now to at least get a framework deal together. that is just the way that that is. but the problem that they face is that very liberal democrats and very conservative republicans are going to look at them and say, if it is not a good enough deal we're willing to go off the cliff even if what that means most americans suffer a consequence, whether it is in the things that you described or in their 401(k)s as markets plunge. megyn: what happens to, what happens to the money that gets collected? looks like somebody will pay more in taxes whether it is the rich or rich first and then others, you know, once they start to tax one group historically others are not immune. >> well --. megyn: where does the money go? does it all go to the deficit, or to the debt? >> no. megyn: because we, a lot of americans think, all right, i want to help my fellow citizens and i don't like this national debt but you know who i don't want to
the opposite of the way they've negotiated inside with john boehner and others on past deals. >> yeah, the president feels he has very strong cards here and one of the strategies of the white house is that if we go over the cliff, if all those tax cuts are allowed to expire, the president has real ways to extract pain from the republicans. polls already show people are more likely to blame republicans and here's something very important. republican leaders know that. joe scarborough writes on politico right now that when eric cantor, the number two house republican was there on your set, that he noticed a different tone from him and seeing more and more signs of that as the week goes along, the republican leaders recognize that the president has an inaugural address, a state of the union address and a lot of high-profile ways to pin the blame on them and so today we have this remarkable movement position by tom cole, one of the most politically savvy republicans who told their whip team that they would be better off to cave, that they would be better off to give what he calls the earl
and 2014 because then they aren't coming back. >> if you are john boehner, speaker boehner, your proposal is -- your bright line is what? >> first of all, you want to have this conversation in public and whatever happens, you want it online. that gives you the moral high ground and allows the american people to focus on this. >> wait, what you are saying right there is a path to a deal, you're not saying they should go over a political cliff. you're saying they should fight for the best deal they can get, but you're not advocating cutting off your nose to spite your face? >> no. i had conversations with wolf blitzer. this is deja vu all over again with the end of the world, all dragons and going to go over the debt ceiling thing and the argument is do you want to default? no, we don't. we want to save $2.5 trillion in spending, and we won that fight. the democrats refer to the debt ceiling thing as a failure. no. no. we got the spending cuts that american taxpayers wanted and didn't get your taxes weren't increased. failure to raise taxes. the d's desperately need to raise taxes in order
the leaders of the senate, harry reid and mitch mcconnell. i want to congratulate speaker john boehner, who has done a phenomenal job of ensuring that we would continue business as usual. i want to congratulate minority leader posey forever that she has put in, getting us to the point we are today. i urge my colleagues to support this measure. with that, i yield back the balance of my time. >> the chair now recognizes members from the committee on ways and means, chairman mr. camp from michigan and ranking minority member mr. levin from michigan. the gentleman from michigan. >> i yield myself such time as i may consume. >> it is recognized. >> if the congress does not act and act now, america will default. that would wreak havoc on our economy and make it harder for americans to find and keep a job. edfault cannot be an option. i am pleased that the bill before us ensures that will not occur. just as it would threaten economic health, so would increase in taxes. raising taxes on families and job creators would hinder investment, increase the cost of doing business, and result in even less h
but that will happen. the market will be going up and down on small indicators. is john boehner smiling or frowning today? we'll have a lot of volatility for the next two or three months because i do think it's going to be two or three months. i think this is going to go into january. i think close to a 50% chance we'll go over the fiscal cliff temporarily. the market won't react well to that so it's going to be very, very bumpy couple of months here. >> that said, seasonally, i was told not too long ago, the period between thanksgiving week and december 3rd, the past 20 years has been positive for stocks for 17 of those 20 years. is there going to be any kind of hope for a santa claus rally here, michael? >> i think there is. that's simply because pessimism has reached a level of extreme that historically has led to higher markets over the next three months 81% of the time. the average market gain when pessimism has gotten to this low a level has been about 7%. i think when you look at the basic, you know -- we have three rules to guide our tactical trading. don't fid the fed. obviously on our sid
some other republicans. >> this is quite the tight rope for a lot of republicans. even john boehner was reticent in saying, okay, i'm ready to raise taxes. he still is talking about maybe the health care reform act taking some sort of hit. but then therein lies the question that so many americans, they want to see a compromise. what is it going to take? what is going to be the area where either side is willing to compromise? >> well, i think republicans are going to want to see some real spending cuts. the situation has changed. we are in an untenable situation, spending so much more than we're taking in. right now, when you look at president obama's proposed spending cuts, a lot of them are leisure. they're cuts in there, for example, that are already agreed upon. in other words, we already have. so you can't really count those. there are other things he called spending cuts which are for wars we're not going to fight. he's going to save a trillion dollars not fighting wars that we're not going to fight anyway. so that's like me saying i'm going to give you a trillion dollars, no,
, what house speaker john boehner will be and the closed-door negotiations which we will get a sense of but probably not the back and forth. jon: 36 days left to get the deal done, most of those days in december when not a lot usually happens in washington. it will be interesting . thanks for watching it for us brett. you can catch brett every we can night 6pm eastern bret baier anchors special report. jenna: a new report that iran is sending weapons and supplies to help the regime in syria. iraq is allowing iran to fly the convoys through the air space. leland vittert joins us live in jerusalem. how is this working? >> reporter: essentially what is going on here, general ace the iranians want some way to get weapons, ammunition and men over to the syrian regime. they can't fly north through turkey, they are flying through iraq that is despite the u.s. asking iraq to close down air space to these kinds of flights. this is video that's been confirmed to fox news by western intelligence sources showing iranian revolutionary guard troops getting off of cargo troops that view via iraqi a
. >> the president and jrn john boehner, hopefully will get it done. >>> i'll ask kevin mccarthy, the majority whip, how far his party will go on raising taxes, limiting deductions, cutting spending to make a deal to avoid the fiscal cliff. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. [ male announcer ] can a car be built around a state of mind? ♪ announcing the all-new 2013 malibu from chevrolet. ♪ with a remarkable new interior featuring the available chevrolet mylink infotainment system. this is where sophisticated styling begins. and where it ends? that's up to you. it's here -- the greatest malibu ever. ♪ part of a whole new line of tablets from dell. it's changing the conversation. ♪ can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. >>> let's get straight to our "strategy session." joining us are two cnn contributors, don
% of americans. >> house republican speaker john boehner says the gop is looking for a deal that cuts spending and closes tax loopholes and some deductions rather than raising tax rates. back to you guys in new york. >> steve: all right. north lawn of the white house, thank you. >> gretchen: see how we all got the blue memo? we all look so nice together. she had on a blue scarf. >> brian: the question is, what is laura ingraham wearing. >> steve: i know one way to find out. >> gretchen: oh, yellow. hail to sweden. >> steve: how are you? >> hey, guys. nice to see you. >> steve: what did you make of this, the white house is saying unless the republicans roll over and do everything that the white house wants with this fiscal cliff at the conclusion of the year, you mean old republicans will ruin christmas economically for the country? >> yeah. it's the gop who stole christmas. who is going to be narrating this? who will play the dog with the fake antlers? it seems we've seen this special before. the sky is always falling when president obama wants to cram down legislation or initiatives without r
to say. [video clip] >> he spoke with john boehner. by the weekend and he will meet with them at the appropriate time as well as nancy pelosi and mitch mcconnell. so the process that he began is continuing. recanting you to be optimistic that a balanced approach is achievable. we know what the solutions are. it was senator who said that in an op-ed, one benefit of all of the debate said we have had any discussions over the past couple of years is that we know what the parameters of a balanced solution for these challenges look like. and they include both spending cuts and revenues and entitlement reform. they have to have -- all three legs of the school of got to report of that. >> jay carney at the white house. was asked about the idea of going off the fiscal cliff. alan krueger, the chairman of president obama's economic advisers, he spoke about what would happen if we go off this so-called fiscal cliff. in this report put out by the white house, american consumers will spend 200 billion less in 2013 if the fiscal cliff is not averted according to this white house report. ja
. they're use it as leverage. john boehner said as much to the president. people say the debt ceiling thing is an albatross. most countries don't have a debt limit. they deal with it in a different way. the debt ceiling debate which started this issue of congress not being able to make decisions on financial matters will come to a sometime between december 31st and february 1st. that is another set of things we have to deal with if they get the fiscal cliff dealt with. >> 35 days, we're counting them and going to see if we can get anything done. thank you. >>> what we're also working on this hour -- egyptian president mohamed morsi's power grab is challenged. but will it be enough to preserve democracy? >>> and medical marijuana a 7-year-old patient in oregon is taking the drug. is it right treatment for kids with cancer? dr. sanjay gupta reports. >>> plus -- scott kelly i didn't cal twin brother of nasa astronaut mark kelley, the husband of former congresswoman gabrielle giffords, takes on a historic mission. he heads to space for a year. we'll take a look at what it will be like liv
when the president says he wants to see higher tax rates. john boehner says clearly not. >> it is a lot easier to say at this level of generality. it becomes harder to enacted. the number of times of with the head of the cbo, senator so and so would call me up and say i want to talk about tax reform and i would walk in and the head is one talking point which is brought in the base and lower the rate. what are you willing to scale back? mortgage interest, cannot touch that. charitable, cannot touch that. you go down the list. one of the reasons of these new ideas being attractive is a are obscuring what has to be cut back. >> there is still a hard choice there. >> we are not saying we are going to cut out your ability to deduct your mortgage but i will get to keep my ability to deduct my local tax. everything goes into a pot. everybody gets to keep their deductions but you cannot be too greedy about it. it does have to limit the amount they can benefit from it. >> that is the selling point. >> the notion here, can you do this and have the only effect of the wealthiest americans -- affect
on the decisions he made for the congress? like with john boehner, having members over for lunch, members from camp david, these might be the steps that could be helpful in his relationships on capitol hill and affecting the president's agenda. >> the president is very interested in engaging with lawmakers from both parties in order to achieve their shared goals, which has to do with growing the economy, increasing job creation, making america a safer and stronger. he will continue to do that in the same ways he did that in his first term and i am, -- confident that he will continue to do that. that the reality of modern day washington is different from how it was in 18 01, to use a timely example. so, the notion that you can solve all of those problems over a cocktail is a bit overrated. but he is certainly interested in in gauging not only with lawmakers, but civic leaders, lawmakers, but civic leaders, business leaders,
and john boehner to bring their wings of the parties back in for any sort of a deal. because it seems like both sides are getting their back up at this point. >> well, i don't think it's making it more difficult, becky. i think what happens is at the beginning of a negotiation, everybody is sort of staking out their positions and their demands. you know, the demand by democrats, for example, that social security and medicare not be part of this discussion, that's not a sustainable demand. everybody knows that entitlement programs, the president has said so, have to be part of this. now, exactly what proportion and when they're part of it, those are things that you can talk about, but, no, they are part of this deal. so are tax increases, and, you know, republicans taking out the position that, well, we can't touch tax rates, we can touch tax loopholes, everybody's got to wait and see how the math adds up. this is an extremely complicated and difficult thing. >> i don't think -- i don't think it's well done to be negotiating in public like this because it only makes it more difficult. i wis
meeting with paul ryan. before the president's comments, house speaker john boehner and other republicans met with reporters saying they're willing to consider new sources of revenue as a solution to avoiding the fiscal cliff but will not consider raising marginal tax rates. this is about 10 minutes. >> good morning, everyone. in going over the fiscal cliff -- going over the fiscal cliff will hurt our economy and hurt job creation in our country. republicans are committed to continuing to work with the president to come to an agreement to avert the so-called fiscal cliff. it's one reason why we believe that we put revenue on the table, as long as it's accompanied by serious spending cuts to avert this crisis. we believe that this fits the president's request for a balanced approach to this issue. and we're going to continue to work with the president to try to resolve this in a way that is fair for the american people. we all know that we've had the spending crisis coming at us like a fraggete train. and it has to be dealt with. and in order to try to come to an agreement, republicans are
, john a. boehner, speaker of the house of representatives. the speaker pro tempore: the prayer will be offered by our chaplain, father conroy. chaplain conroy: let us pray. gracious god, we give you thanks for giving us another day. you have blessed us with all good gifts and this past week with grateful hearts we gathered with family and loved ones throughout this great land to celebrate our blessings together. bless the newly elected members of the 113th copping who resume their orientation on capitol hill. give them call and confidence as they prepare for a new role as servants of our nation's citizens. bless the members of the people's house who have been entrusted with the privilege to serve our nation, all americans in their need. grant them to work together in respect and affection and to be faithful in the responsibilities they have been given. at the end of the 112th congress approaches and much is left to be done, bestow upon them all the gifts of wisdom and discernment that in their words and actions they will do justice, love with mercy, and walk humbly with you. ma
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